Just a little Friday afternoon musing.
Now that the Supreme Court has ruled on the Affordable Care Act, the enforcement side of the law comes into play. Despite stories of the IRS hiring staff to administer the program, many people are wondering how the IRS can make sure that everyone has health insurance. The bottom line is that the ACA may be very hard to enforce.
Which led me to wonder if we tax pros will see health insurance coverage added to the RTRP requirements? Part of the program is a check to make sure that our Federal taxes are up to date. I’m sure that some smart guy or gal at the IRS has been thinking about adding the “health care tax” to the other taxes they check. Taking that a little further, will we be seeing healthcare coverage part of the tax compliance required for IRS programs like Offer in Compromise?
Like I said, just a little musing.
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Here's another muse for you...do you think I will be able to take the office in home deduction for the interrogation room I will have to construct? I would only use it for EIC and ACA compliance, no personal use at all...
Posted by: Cindy Galford | July 06, 2012 at 01:35 PM
Cindy
I muse that it would be a good deduction.
Posted by: Trish | July 06, 2012 at 02:03 PM